Cwm LLC Has $18.53 Million Holdings in ARM Holdings PLC Sponsored ADR $ARM

Key Points

• Cwm LLC reduced its holdings in ARM Holdings PLC by 10.3% during the 2nd quarter, now owning shares valued at approximately $18.53 million.
• ARM shares saw a significant drop of 9.2% recently, with the stock currently trading at $154.93 and a market cap of $163.68 billion.
• Analysts have given ARM an average rating of "Moderate Buy" with an average price target of $167.43, while 18 analysts recommend buying the stock.

Cwm LLC lessened its holdings in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,574 shares of the company's stock after selling 13,163 shares during the period. Cwm LLC's holdings in ARM were worth $18,531,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC acquired a new position in shares of ARM during the 2nd quarter worth about $483,000. Concurrent Investment Advisors LLC bought a new stake in shares of ARM in the 2nd quarter valued at about $790,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of ARM in the 2nd quarter valued at about $540,000. Blue Trust Inc. raised its holdings in shares of ARM by 23.2% in the 2nd quarter. Blue Trust Inc. now owns 2,389 shares of the company's stock valued at $386,000 after purchasing an additional 450 shares during the period. Finally, Robertson Stephens Wealth Management LLC raised its holdings in shares of ARM by 20.3% in the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 4,150 shares of the company's stock valued at $671,000 after purchasing an additional 700 shares during the period. Institutional investors own 7.53% of the company's stock.

ARM Stock Down 9.2%

Shares of ARM stock opened at $154.93 on Monday. The stock has a market cap of $163.68 billion, a price-to-earnings ratio of 234.74, a P/E/G ratio of 10.10 and a beta of 4.10. The company's fifty day moving average is $143.78 and its 200 day moving average is $135.34. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88.

ARM (NASDAQ:ARM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. ARM had a return on equity of 15.56% and a net margin of 16.96%.The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The business's quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts anticipate that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ARM. Raymond James Financial upped their price target on shares of ARM from $140.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a research note on Thursday, July 31st. Morgan Stanley cut their price objective on shares of ARM from $180.00 to $171.00 and set an "overweight" rating for the company in a report on Thursday. TD Cowen increased their price target on ARM from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Rosenblatt Securities restated a "buy" rating and issued a $180.00 price target on shares of ARM in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $167.43.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.

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